The aggregate of all withdrawals and transfers in a month should not exceed ₹10,000.
Key Features
No Minimum Balance Requirement
Simplified KYC norms
Internet Banking / Mobile Banking / SMS Alert Facility
Product Highlights
Simplified KYC norms
Features and Benefits
ATM card
SMS Alert Facility
Eligibility
Any Resident Individual
Minimum Balance Requiremnt
Minimum Balance - No Stipulation / limit
Maximum Balance - The balance at any point of time should not exceed ₹50,000
Scheme information
The aggregate of all withdrawals and transfers in a month should not exceed ₹10,000
The aggregate of all credits in a financial year should not exceed ₹ 1.00 lakh
The balance at any point of time should not exceed Rupees Fifty Thousand.
Debit card, Cheque book, Internet banking & Mobile banking is not allowed
Foreign remittances cannot be credited to SMALL SB account without complying full KYC formalities
This account is valid for a period of 12 months initially which may be extended by another 12 months if the person provides Proof for having applied for an officially valid document
